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shark255 (OP)
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December 13, 2013, 12:24:33 PM |
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Subject, and is it depends on amount of transferred coins ?
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nerFohanzo
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December 13, 2013, 03:39:30 PM |
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Subject, and is it depends on amount of transferred coins ?
Wallets determine the fee automatically, you dont need to worry about it. 0.0001 is about 10 cents |
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BlueMonkey
Full Member
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Activity: 196
Merit: 100
Need any help ? Just PM me
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December 13, 2013, 04:11:27 PM |
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As you said. Not the amount but the size of tx |
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quone17
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December 13, 2013, 04:16:21 PM |
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The weird thing is that I guess there is a way to send the inputs only without paying a fee. Apparently though then there is a chance the transaction won't be processed/picked up byt he miners. I wonder what will happen when the transactions fee gets to be a lot of money (i.e. transaction fee is .0001 but that costs like $50 in US dollars). Seems like it will make it so people won't want to buy anything small with BTC because the transaction fee is so large.
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shark255 (OP)
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December 13, 2013, 04:46:52 PM |
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I have found that i was looking for - "Note that a typical transaction is 500 bytes, so the typical transaction fee for low-priority transactions is 0.1 mBTC (0.0001 BTC), regardless of the number of bitcoins sent."
Many thanks for replies!
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Jacce
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December 13, 2013, 04:51:05 PM |
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The weird thing is that I guess there is a way to send the inputs only without paying a fee. Apparently though then there is a chance the transaction won't be processed/picked up byt he miners. I wonder what will happen when the transactions fee gets to be a lot of money (i.e. transaction fee is .0001 but that costs like $50 in US dollars). Seems like it will make it so people won't want to buy anything small with BTC because the transaction fee is so large.
If I understood correctly the transaction fee isn't set in stone, but rather determined by the community. |
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DeathAndTaxes
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Gerald Davis
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December 13, 2013, 04:53:55 PM |
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The weird thing is that I guess there is a way to send the inputs only without paying a fee. Apparently though then there is a chance the transaction won't be processed/picked up byt he miners. I wonder what will happen when the transactions fee gets to be a lot of money (i.e. transaction fee is .0001 but that costs like $50 in US dollars). Seems like it will make it so people won't want to buy anything small with BTC because the transaction fee is so large.
If I understood correctly the transaction fee isn't set in stone, but rather determined by the community. Correct. The MINIMUM fee (to relay low priority txs) has been reduced four times by a factor of 100x. If the original minimum was still used it would be about $10 today. |
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zengryT
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December 13, 2013, 04:59:05 PM |
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The weird thing is that I guess there is a way to send the inputs only without paying a fee. Apparently though then there is a chance the transaction won't be processed/picked up byt he miners. I wonder what will happen when the transactions fee gets to be a lot of money (i.e. transaction fee is .0001 but that costs like $50 in US dollars). Seems like it will make it so people won't want to buy anything small with BTC because the transaction fee is so large.
If I understood correctly the transaction fee isn't set in stone, but rather determined by the community. Determined by the miners I would say. But most use Bitcoin-qt fee rules |
Not managing signature campaigns anymore.
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Jacce
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December 13, 2013, 05:02:09 PM |
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The weird thing is that I guess there is a way to send the inputs only without paying a fee. Apparently though then there is a chance the transaction won't be processed/picked up byt he miners. I wonder what will happen when the transactions fee gets to be a lot of money (i.e. transaction fee is .0001 but that costs like $50 in US dollars). Seems like it will make it so people won't want to buy anything small with BTC because the transaction fee is so large.
If I understood correctly the transaction fee isn't set in stone, but rather determined by the community. Determined by the miners I would say. But most use Bitcoin-qt fee rules That was what I meant with community, but yeah, I guess I was a bit unclear. |
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